Question

Describe the main steps involved in management of development projects

Answer 1

Main steps in management of development project are:

1. Project conception and initiation:

In this step the idea of the project is conceptualized as to what needs to be done, how much it will cost, what will be its value, how long it will take for the project to complete. If value is perceived to be greater than the cost and time than it will be taken further.

2. Project definition and planning:

Once the goahead is taken on project after that scope of the project is decided, cost of the project is planned, schedule is decided for the project, man power requirement is decided.

3. Project launch and execution

In this phase project planned tasks are carried out. Here deliverables are decided and tasks are carried out on as per the planned schedule. Here it is checked on as what needs to be completed, who would complete it and in how much time.

4. Project performance and control

Project control and performance phase starts from project launch till project completion and here management checks on whether the tasks are getting completed as per initial plan decided, as per schedule decided and as per the cost decided. Tracking of project performance is done by using Key performance indicators to check on cost, time etc.

5. Project closure

Final stage of project management is of project closure. If all purposes laid down initially are served or are completed then project is closed.